AlphaGrep Securities Ventures into Mutual Funds with SEBI Approval
AlphaGrep Securities has received SEBI's in-principle approval to sponsor a mutual fund, marking a significant milestone for the quantitative investment firm. This new venture aims to extend AlphaGrep's data-driven investment strategies to a broader investor base in India, with a range of quant-driven actively managed products.
- Country:
- India
In a significant stride for AlphaGrep Securities, the quantitative investment firm announced on Monday that it has secured SEBI's in-principle approval to sponsor a mutual fund.
This approval is a milestone in AlphaGrep's mission to disseminate its data-driven, technology-powered investment strategies to both retail and institutional investors across India. Founded in 2010, the firm manages over Rs 8,500 crore globally and has developed a specialized quant trading and investment platform.
The mutual fund business will operate under AlphaGrep Investment Management, maintaining the quantitative philosophy vital to the firm's success. The launch, offering equity and hybrid strategies to cater to various investor needs, will proceed upon fulfilling SEBI's requirements.
(With inputs from agencies.)
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